scholarly journals Anatomy Of An Acquisition: The Challenges Of Selling A Privately Held Electronics Manufacturing Company

2018 ◽  
Vol 14 (4) ◽  
pp. 69-96
Author(s):  
George Dierberger ◽  
Marc McIntosh ◽  
Lori Lohman ◽  
Phyllis Kapetanakis
Keyword(s):  
Board Of Directors ◽  
Investment Banking ◽  
Business Community ◽  
Electronics Manufacturing ◽  
Retirement Age ◽  
Current Management ◽  
Estate Planning ◽  
The Third ◽  
The Family ◽  
The Board Of Directors

Sweeny Electronics is a family-owned S Corporation based in St. Paul, Minnesota. The company was started in 1946 by a returning army veteran, Frank Sweeney, and focused on the heating, air quality and cooling markets. The company has survived numerous recessions, market consolidations, and manufacturing challenges. The company is currently run by the third generation of the Sweeney family, George Sweeney, who is the current owner and CEO, is approaching retirement age. The board of directors has seven members: George Sweeney, his wife Jane and five members of the business community. Under the direction of the CEO, the board has determined that there is no “heir apparent” in the family or in the current management team. They have elected to hire an investment banking firm to position the company for an asset-based sale. Sweeney would like to sell the company for estate planning purposes and allow him to transition to a consulting role with the new owner.

scholarly journals Significance of Family Representation among Family Businesses in the Czech Republic

2020 ◽  
pp. 1-9
Author(s):  
Vojtěch MEIER
Keyword(s):  
Czech Republic ◽  
Correlation Analysis ◽  
Board Of Directors ◽  
Family Business ◽  
Family Members ◽  
Family Businesses ◽  
The Czech Republic ◽  
Level Of Involvement ◽  
The Family ◽  
The Board Of Directors

Family businesses are the foundation of any economy. They have been heavily influencing our society for many centuries. The level of involvement among family members is vital to flourish a family business. Therefore, research is conducted to assess the dependencies of six aspects of the selected family businesses in the Czech Republic. Several findings from the family survey are found in the correlation analysis: there is the highest indirect dependence between the number of directors and the number of family members actively involved in a family business, and some factors do not show dependence. This is evidenced by the relationships between the number of members of the board of directors or managing directors and the number of family members who are not interested in family business. Correlation analysis methods are used on top of the methods of analysis, synthesis and comparison.

Shirer's History of Nazi Germany

1961 ◽  
Vol 23 (2) ◽  
pp. 230-245 ◽  
Author(s):  
Klaus Epstein
Keyword(s):  
New York ◽  
Board Of Directors ◽  
Third Reich ◽  
Nazi Germany ◽  
Great Work ◽  
The Third ◽  
The Board Of Directors ◽  
History Of ◽  
The Third Reich ◽  
To Come

William shirer'sRise and Fall of the Third Reich: A History of Nazi Germany (New York, 1960) has been widely hailed as a great work of history. Harry Schermann, chairman of the board of directors of the Book of the Month Club, says that it “will almost certainly come to be considered the definitive history of one of the most frightful chapters in the story of mankind.” The book has already sold more widely than any work on European history published in recent years. It is probable that tens of thousands of American readers will take theirviews on recent German affairs from Shirer's pages for years to come. For that reason, it is important to point out the serious shortcomings of this work.

scholarly journals MEMAHAMI KONSEP DAN SUBJEK PERTANGGUNGJAWABAN PIDANA DALAM PASAL 39A UNDANG-UNDANG NOMOR 28 TAHUN 2007 TENTANG PERUBAHAN KETIGA UNDANG-UNDANG NOMOR 6 TAHUN 1983 TENTANG KUP

Scientax ◽  
2021 ◽  
Vol 3 (1) ◽  
pp. 159-188
Author(s):  
Bina Yumanto
Keyword(s):  
Board Of Directors ◽  
Criminal Responsibility ◽  
Criminal Liability ◽  
Criminal Investigation ◽  
Vicarious Liability ◽  
The Third ◽  
The Board Of Directors ◽  
The Subject ◽  
Definition Of ◽  
Corporate Liability

In various cases of tax criminal acts, the board of directors is often subject to criminal liability on the grounds of being a signatory to the Tax Return (and/or Tax Invoice) and as a corporate organ that is deemed responsible for all company policies, activities, and operations. In addition, some cases of Tax Criminal Investigation impose criminal responsibility on the board of directors based on evidence of signature in the Tax Return and consideration of the principle of vicarious liability, which is the expansion or representation of liability for compensation under Private Law. This study aims to analyze the criminal liability doctrine adopted by Article 39A of Law Number 28 of 2007 concerning the Third Amendment to Law Number 6 of 1983 concerning General Provisions and Tax Procedures (UU KUP) and whether corporations can be held criminally liable in the offense of that Article. The theory and concepts used are criminal liability and analysis of the elements of Article 39A of the UU KUP, the main doctrines of criminal liability, the definition of legal entities, corporate taxpayers, and corporate liability. The results of the study found that corporate taxpayers as corporations are the subject of criminal liability in Article 39A, in addition to individuals, and Article 39A adheres to the principle of no crime without guilt.

scholarly journals Trade Firms Managers' Authorities in Iranian Trade Law

2016 ◽  
Vol 9 (2) ◽  
pp. 41
Author(s):  
Hamideh Sadat Abtahi ◽  
Ali Radan Jebeil ◽  
Majid Bonakdar ◽  
Omolbanin Darvishpoorian ◽  
Gholamhossein Masud
Keyword(s):  
Board Of Directors ◽  
Rule Of Law ◽  
General Assembly ◽  
Personal Interest ◽  
The Rule Of Law ◽  
The Third ◽  
Trade Law ◽  
The Board Of Directors ◽  
Individual Actions ◽  
Great Damage

<p>Corporate of joint-stock companies with the rule of law is done by a group of directors as the Board of Directors and the CEO assignment but corporate of other firms such conduct is not legally binding and can also pay a manager to manage them individually that this a great damage because of his individual actions contradict interests of the firms and director, he/she will be taking a personal interest and this not only for the third parties but also for partners will be susceptible to harm and great responsibilities. The studies in this paper indicate that the authorities and duties of managers in joint-stock companies in law stated separately but about the other trade, generally known as a lawyer and representative. Managers of joint-stock companies must be in accordance with the law and the resolutions of the General Assembly and the Board of Directors' decisions on corporate governance but in other trade firms, most of the managers' authorities, is general.</p>

scholarly journals Corporate Governance, Executive Directors and Level of Voluntary Disclosure: The Case of Public Listed Companies in Thailand

2020 ◽  
Author(s):  
Jakkravudhi Chobpichien ◽  
Daing Nasir Ibrahim ◽  
Hasnah Haron
Keyword(s):  
Corporate Governance ◽  
Family Member ◽  
Board Of Directors ◽  
Voluntary Disclosure ◽  
Executive Director ◽  
Executive Directors ◽  
High Concentration ◽  
The Family ◽  
The Board Of Directors

This paper extends the literature on voluntary disclosure by reference to a developing country, namely Thailand, through a study of 70 voluntary disclosure items in the corporate annual reports of 317 public listed companies in 2004. The study examined the relationship between the level of voluntary disclosure and a single characteristic of corporate governance characteristics, namely the quality of the board of directors. It further examined the influence of the executive directors on this relationship. The findings suggested that the quality of the board of directors is positively associated with the level of voluntary disclosure, and this association appears to be weaker for firms with an executive director that has the family member, largest shareholder involved compared to the non-family member, largest shareholder and a high concentration of executive directors’ ownership compared to a low concentration of executive directors’ ownership. This effect is further exacerbated when board of directors’ quality levels increase. It was found that an executive director that has the family member, largest shareholder involved, and a high concentration of executive directors’ ownership are quasi moderators, which means they are both an independent and a moderating variable. As control variables, size of company, auditor type, and earnings return were found to have a significant influence on the level of voluntary disclosure. These results have important implications for good corporate governance policy formulation.  

MIR TALKS TO HUBERTINE UNDERBERG-RUDER, PRESIDENT OF THE BOARD OF DIRECTORS, UNDERBERG AG

2011 ◽  
Vol 3 (2) ◽  
pp. 54-60
Author(s):  
Hermann Diller
Keyword(s):  
Board Of Directors ◽  
Fifth Generation ◽  
Global Challenges ◽  
The Family ◽  
The Board Of Directors

Abstract The family-owned Underberg company, headquartered in Switzerland, has successfully produced and marketed spirits for more than 165 years. Dr. Hubertine Underberg-Ruder, fifth generation President of the Board, describes how the mediumsized company keeps growing responsibly and effectively in the heavily regulated spirits market and how they tackle global challenges.

Correction

1977 ◽  
Vol 25 (8) ◽  
pp. 39-39
Keyword(s):  
New York ◽  
New York City ◽  
Occupational Health ◽  
Board Of Directors ◽  
York City ◽  
The Third ◽  
Office Space ◽  
The Board Of Directors ◽  
Health Nursing ◽  
Occupational Health Nursing

In the Report of AAOHN Board of Directors Meeting, which appeared on page 21 of the June 1977 issue of Occupational Health Nursing, Volume 25, No. 6, the third paragraph should have read: The location of the Headquarters office was discussed at length by the Board of Directors after which the following motion was made: 1. That the Headquarters office remain in New York City. 2. That Headquarters office space be expanded to 3000 square feet and relocated. 3. That a five-year lease be signed. The motion was carried with three dissenting votes.

Group Affiliation With the National Council

1949 ◽  
Vol 42 (8) ◽  
pp. 403-404
Author(s):  
H. W. Charlesworth
Keyword(s):  
Board Of Directors ◽  
National Council ◽  
Group Affiliation ◽  
The Third ◽  
The Board Of Directors

This is the third in this series of articles. I shall assume that you have read the articles on affiliation in the October and November issues. As the Chairman of Affiliated Groups, appointed by the Board of Directors on March 30 of this year, I have been requested to present recommendations on reorganization of affiliation to the Board at the Chicago meeting next April. It is our desire that these recommendations come from the groups themselves. We hope to accomplish this through the means of the questionnaire that I sent out to affiliated groups in September and through the Delegate Assembly. Remember, if affiliation of your group is completed by March 1, 1950, you are entitled to send one delegate to the Delegate Assembly in Chicago next April.

Report of the Definitions Committee

1948 ◽  
Vol 13 (2) ◽  
pp. 202-217 ◽  
Keyword(s):  
Board Of Directors ◽  
Committee Report ◽  
The Third ◽  
The Board Of Directors

Editor's Note: This is the third committee report to be presented under the recently adopted policy of printing reports as submitted without editorial revision, after approval by the Board of Directors of the American Marketing Association.

Overcoming Nazism: Big Business, Public Relations, and the Politics of Memory, 1945–50

1996 ◽  
Vol 29 (2) ◽  
pp. 201-226 ◽  
Author(s):  
S. Jonathan Wiesen
Keyword(s):  
Public Relations ◽  
Small Group ◽  
Board Of Directors ◽  
Third Reich ◽  
Business Leaders ◽  
International Organization ◽  
Politics Of Memory ◽  
The Third ◽  
The Board Of Directors ◽  
The Third Reich

In 1973 Yad Vashem, the international organization commemorating Holocaust martyrs and heroes, extended its highest honors to one of Germany's most influential business leaders. Berthold Beitz, head of the Krupp Foundation in Essen, was declared one of “the righteous among the nations” and was inducted into a very small group of individuals who had risked their lives to rescue Jews during the Third Reich. As a young manager in German-occupied Galicia, Beitz had been considered a rising star in the firm of Karpaten Öl. A trustee acting on behalf of the board of directors, Beitz was in a key position to witness the brutality of the SS in occupied Poland. In 1943, as he began to suspect his government's murderous intentions, Beits grew determined to risk his career, and possibly his life, to protect Jews from a tragic fate. Through various means of trickery and bargaining with the SS, Beitz took under his wing both young and old, skilled and unskilled, and employed them in scattered oil installations in eastern Galicia, ultimately protecting many of them from deportation and probable death in Belzec.

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